Remarkable Wall Street scandals

Everything from muppets to failed IPOs to a suicide attempt made 2012 a banner year for financial scandals and bizarre happenings. There were so many, in fact, that it was hard to narrow down the list. Here's a look at 10 prominent Wall Street misdeeds that won't soon be forgotten. By Kensey Lamb and Siemond Chan

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Rajat Gupta Conviction

Former Goldman Sachs (GS) board member Rajat Gupta was sentenced on Oct. 22 to two years in jail and ordered to pay a fine of $5 million. He was found guilty of leaking Goldman secrets to Galleon Group hedge-fund manager Raj Rajaratnam.

While U.S. District Judge Jed Rakoff acknowledged the crime was a "terrible breach of trust," he commended Gupta's "extraordinary devotion to people in need."

Rajat Gupta Conviction

Former Goldman Sachs (GS) board member Rajat Gupta was sentenced on Oct. 22 to two years in jail and ordered to pay a fine of $5 million. He was found guilty of leaking Goldman secrets to Galleon Group hedge-fund manager Raj Rajaratnam.

While U.S. District Judge Jed Rakoff acknowledged the crime was a "terrible breach of trust," he commended Gupta's "extraordinary devotion to people in need."

He is currently free on a $10 million bond while he appeals his conviction. less

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